Wynn Macau (Germany) Market Value
| 8WY Stock | EUR 0.63 0.03 4.55% |
| Symbol | Wynn |
Wynn Macau 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Wynn Macau's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Wynn Macau.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Wynn Macau on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Wynn Macau Limited or generate 0.0% return on investment in Wynn Macau over 90 days. Wynn Macau is related to or competes with Eastman Chemical, HOCHSCHILD MINING, SILICON LABORATOR, and Sinopec Shanghai. Wynn Macau, Limited develops, owns, and operates the Wynn Macau and Wynn Palace casino resorts in Macau More
Wynn Macau Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wynn Macau's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Wynn Macau Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.55 |
Wynn Macau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wynn Macau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wynn Macau's standard deviation. In reality, there are many statistical measures that can use Wynn Macau historical prices to predict the future Wynn Macau's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.2646 | |||
| Treynor Ratio | 0.2311 |
Wynn Macau Limited Backtested Returns
Wynn Macau Limited shows Sharpe Ratio of -0.049, which attests that the company had a -0.049 % return per unit of risk over the last 3 months. Wynn Macau Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wynn Macau's Standard Deviation of 2.75, market risk adjusted performance of 0.2411, and Mean Deviation of 1.83 to validate the risk estimate we provide. The firm maintains a market beta of -0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wynn Macau are expected to decrease at a much lower rate. During the bear market, Wynn Macau is likely to outperform the market. At this point, Wynn Macau Limited has a negative expected return of -0.14%. Please make sure to check out Wynn Macau's variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if Wynn Macau Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Wynn Macau Limited has poor predictability. Overlapping area represents the amount of predictability between Wynn Macau time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wynn Macau Limited price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Wynn Macau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wynn Macau Limited lagged returns against current returns
Autocorrelation, which is Wynn Macau stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Wynn Macau's stock expected returns. We can calculate the autocorrelation of Wynn Macau returns to help us make a trade decision. For example, suppose you find that Wynn Macau has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Wynn Macau regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Wynn Macau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wynn Macau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wynn Macau stock over time.
Current vs Lagged Prices |
| Timeline |
Wynn Macau Lagged Returns
When evaluating Wynn Macau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wynn Macau stock have on its future price. Wynn Macau autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Wynn Macau autocorrelation shows the relationship between Wynn Macau stock current value and its past values and can show if there is a momentum factor associated with investing in Wynn Macau Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wynn Stock
Wynn Macau financial ratios help investors to determine whether Wynn Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wynn with respect to the benefits of owning Wynn Macau security.